Advisors from KPMG’s Gatwick office have advised Surrey based Prater Ltd, the UK’s leading building envelope specialist on a deal in which they were acquired for an undisclosed sum by German Linder Group.
With an annual turnover of £65m, Prater Ltd, which is based in based in Salfords, is ranked first among the UK’s top specialist contractors. Disciplines include rainscreen and rendered façade systems, composite cladding, structural waterproofing as well as aluminium and traditional metal standing seam roofing systems and they have participated in significant projects, such as Emirates Stadium, Westfield White City, Olympic Stadium and various Airport schemes.
Nick Standen, Head of Corporate Finance at KPMG in Gatwick commented : “We were delighted to have helped Prater Ltd in this process as they are a strong and well regarded local business. These are family businesses which have very similar cultures and are great strategic fit. The acquisition will allow Prater Limited to expand their business into international territories and take their skill set overseas to new markets.”
The Lindner Group, through Lindner Facades, is already well established in the UK, Germany and the Middle East bespoke facades market and has successfully completed major facades projects including landmark schemes such as 30 Crown Place, Greenwich Peninsula, Harlequin BSkyB and Heathrow Terminal 5. This latest acquisition will allow Lindner to significantly expand in both the façade and the complete building envelope sectors. Prater Ltd will benefit from the strong backing that a financially secure, highly regarded and globalised contracting group can provide.
The strong Prater brand name, Prater’s management and 300 highly skilled staff and workforce will remain unchanged by the acquisition.
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